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NIIF and Canada pension fund
December 12 , 2019
1683 days
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- Canada’s largest pension fund Canada Pension Plan Investment Board (CPPIB) has agreed to invest about $600 million in National Investment and Infrastructure Fund (NIIF) through the NIIF Master Fund.
- The government had set up the NIIF in 2015 with 40000 crore rupees as an investment vehicle for funding commercially viable both Greenfield and Brownfield.
- It is India’s first sovereign wealth fund.
- NIIF funds are registered as Alternative Investment Fund (AIF) with the Securities and Exchange Board of India (SEBI).
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